Law enforcers barred from seeking info from bank branches
FE Report | Thursday, 3 July 2008
Law enforcing agencies will not be allowed to seek any information from any bank branch directly under the Anti-Terrorism Ordinance 2008, officials said.
"No law enforcing agencies will be able to seek any document or fill from any bank without necessary approval and permission from the central bank or the chief executive of bank concerned," the Ordinance said.
The Bangladesh Bank (BB) has issued a circular recently in this connection and asked the chief executives of all commercial banks and non-banking financial institutions (NBFIs) to implement the Ordinance properly.
The Ordinance also empowers the BB to freeze account of a suspected terror and give directions to banks concerned to take preventive measures against monetary transactions for financing terrorist acts.
The central bank will inform instantly to the law enforcing agencies concerned after detecting any suspicious transactions relating to terrorist activities in a bank or its client and will provide all cooperation to the agencies for carrying out investigation.
The President earlier promulgated the Ordinance providing death penalty for offences like terror financing and staging murder to create panic and jeopardise the country's sovereignty.
Special Tribunal will be constituted to deal with such offences, which are non-bailable, according to the Ordinance.
If anyone resorts to murder, inflicting grievous injury, confinement, kidnapping or damaging property to create panic among the people or government and jeopardises the country's security, sovereignty and integrity by using explosives, arms and chemicals, one will commit a terrorist offence.
"No law enforcing agencies will be able to seek any document or fill from any bank without necessary approval and permission from the central bank or the chief executive of bank concerned," the Ordinance said.
The Bangladesh Bank (BB) has issued a circular recently in this connection and asked the chief executives of all commercial banks and non-banking financial institutions (NBFIs) to implement the Ordinance properly.
The Ordinance also empowers the BB to freeze account of a suspected terror and give directions to banks concerned to take preventive measures against monetary transactions for financing terrorist acts.
The central bank will inform instantly to the law enforcing agencies concerned after detecting any suspicious transactions relating to terrorist activities in a bank or its client and will provide all cooperation to the agencies for carrying out investigation.
The President earlier promulgated the Ordinance providing death penalty for offences like terror financing and staging murder to create panic and jeopardise the country's sovereignty.
Special Tribunal will be constituted to deal with such offences, which are non-bailable, according to the Ordinance.
If anyone resorts to murder, inflicting grievous injury, confinement, kidnapping or damaging property to create panic among the people or government and jeopardises the country's security, sovereignty and integrity by using explosives, arms and chemicals, one will commit a terrorist offence.